Banking

“AIG Posts $7.9 Billion Loss Driven by Deal to Unload Risks”

“American International Group Inc. posted a $7.9 billion second-quarter loss driven by the sale of a majority stake in a business of runoff policies, as well as costs from the pandemic and civil unrest. The sale of the Fortitude Group… Continue Reading…

Economy, Real Estate

“Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms”

“Americans are skipping payments on mortgages, auto loans and other bills. Normally, that could mean massive foreclosures, evictions, cars repossessions and people’s credit getting destroyed. But much of that has been put on pause. Help from Congress and leniency from… Continue Reading…

Business

“American Airlines credit downgraded to B- at S&P, the lowest rating among its airline peers”

“Shares of American Airlines Group Inc. AAL, -9.81% rallied 6.2% in afternoon trading, even as the air carrier’s credit rating was cut to a peer-group low of B- from B at S&P Global Ratings. The credit rating agency said the outlook on the… Continue Reading…

Business, Economy

“More Airlines Plan Big Layoffs Despite Taking Billions In Bailout Money”

“American Airlines stock fell Thursday after a letter to employees outlining planned job cuts due to the coronavirus surfaced late Wednesday. Delta Air Lines (DAL) is also preparing a round of voluntary job reductions. In the staff letter, American Airlines (AAL) said it would… Continue Reading…

Economy, Investing, Personal Finance

“Two-thirds of American employees regret their college degrees”

“Student loan debt, which has ballooned to nearly $1.6 trillion nationwide in 2019, was the No. 1 regret among workers with college degrees. About 27% of survey respondents listed student loans as their top misgiving, PayScale said… About 70% of… Continue Reading…